Friday, April 18, 2014

LONDON,
April 17 (IFR) - National Bank of Greece, rated Caa1/CCC/B-, is preparing to
sell the second senior unsecured bank bond from the country in the past four
weeks, with fixed income investors increasingly willing to back Europe's most
troubled credits.

NBG has
mandated Bank of America Merrill Lynch, Citigroup, Goldman Sachs, HSBC and
Morgan Stanley to arrange investor calls and a group presentation in London next week to
discuss a possible senior unsecured bond transaction.

Tuesday, December 31, 2013

Dec 30
(Reuters) - More than 2,000 people have signed up for a voluntary redundancy
scheme at Greece's biggest lender, National Bank (NBG), aimed at shedding about
15 percent of its workforce to cut costs, an NBG official told Reuters on
Monday.

Hammered by
Greece's six-year recession, the country's four major lenders had billions
pumped into them to prop them up after a sovereign debt restructuring last year
and rising bad loans and are now restructuring to trim their cost base.

Monday, November 18, 2013

(Reuters) -
National Bank of Greece, the country's largest lender, is close to clinching a
deal to sell a majority stake in its fully-owned real estate arm Pangaia to
private equity firm Invel Real Estate, two bankers close to the deal told
Reuters on Sunday.

The sale is
part of restructuring efforts by National Bank (NBG) (NBGr.AT) aimed at
boosting its capital base.

Greece's top four banks are implementing
restructuring plans agreed with the European Commission as part of conditions
imposed for their bailouts. The plans involve job cuts, branch closures and
asset sales.